Weekly Dark Pool & Block Trades Newsletter
Welcome! Here is What’s On Watch This Week..
This week will are looking at the following stocks for bullish or bearish moves. If you click on the image it will expand for you to get a closer look at the levels. Please be respectful of us and the other members and do not distribute this information. 😉 Special Bonus -Join us Monday – Friday 7:30am EST for a daily live stream stock picking session using the smart money dark pool and block trade software from FlowTrade.
This week is a little funky, while there is divergence IDK if it is strong enough to pull some of these picks up from the bearish direction they are in. I have tried to include both an upside and a downside review. Please check the YouTube Channel for all the reviews I did this week.
@DarkPoolAlgo is using magenta as the regular smart money algo line, and the yellowish is the dark pool algo line. The dark pool algo line is super complicated and erratic. I am placing it on the charts to show potential deviation in direction only.
For Week Ending 01/07/22
$MRNA – Long
SNOW – This one is poised for a recovery. We are looking to retake the daily 21EMA (the mean) and the 200 SMA at $270. Ready Aim Fire and slingshot squeeze getting ready to release. ATR of $26 means we can move up to the $280 which is also the 50SMA target.
Support using the Keltner channels means the move up to the 4hr top for additional support/confirmation. Then we can continue back up to test the 4hr top and move up toward the Daily top target.
The 15 min algo is steady bullish diverged and has been net buying since the 27th. We have regular block trades at $236.94 and a dark pool level at $250.67
TDOC – Nice reversal from -3 ATR we have room up to the 21 EMA, 50SMA at $133. Daily ATR of $6.75 allows for solid daily moves. Squeeze is getting ready to fire off and we have a solid Elliot Wave pattern happening.
Support using the Keltner Channels has us at the 4hr Keltner Channel Bottom, then a tough rally to get through the weekly bottom on way to take out previous highs and the Daily KC bottom
The 15min algo is massively bullish diverged and we are at a Dark Pool Block Trade support level $109.08 With White Line block trade targets on the way up at $117.24
$COIN – Long
Coin – Pulled back to the Daily 21 EMA and is currently trading at the mean, looking for the move back up the 50 SMA and +2 ATR at $300. We have a bunch of squeezes getting ready to release, a Ready AIM Fire mid buy getting ready to release.
Support using the Keltner Channels has us just above the 4hr Bottom Looking to overtake that and move up to the 4hr, Daily Mid then 4hr top and finally the Daily top, $255, $260, $270, $285 are the upside targets
The 15min algo is net buying and in a channel on the way up, super bullishly diverged and price is forming a reversal double bottom. If we can break out of the overhead resistance.
$YETI – Long
YETI – We are trading right below the 21EMA which is the Daily mean. $85 is a key psychological level and we have POC at $96ish. We are looking for the move to the daily 200 SMA and the $92 level. We have a slingshot squeeze forming, and a Ready Aim Fire getting ready to release.
Support using the Keltner Channels has us right at the 4hr mid and we want the move up to the 4hr and Daily top using the 4hr mid as a springboard.
The 15min algo is trading with price action and curled up, previous divergences have been played out so any volume and momentum can light the gas on this stock. Double bottom forming and price is being squeezed from overhead resistance and upward support.
Algos and Dark Pools are getting smoothed again..
SPY – The algo is trading below price action and is bearish diverged. However it is also forming a flag so keep an eye on it for a breakout. Price could use a pullback for a longer term rally.
After another week of choppiness lets me use one of my favorite tools for this is Fibonacci. I plan on getting more aggressive as we get pullbacks as buying opportunities.
QQQ – We have been trading with price action for the last couple days. The Algo is making higher lows and higher highs, and price action resting at trendline support. Multiple dark pool and block trades are providing support and we can get heavy if we take out previous lows. The algo is making higher highs and higher lows which can continue to be bullish for tech.
IWM -Smaller caps rallied last week and the divergence has played out, we are looking at downside moves upcoming with the algo almost vertically down, its like a mass exodus out of the ETF into something else. Check out the chart on the right to see what I am talking about
Again, I remind you that using FlowTrade yourself to monitor the algo and dark pool trend is going to give you the most confidence, if you check them weekly and study their behavior. It will take time for you to learn. Don’t trade while you are learning and don’t let a tool confirm your bias, or keep you in trade that isn’t panning out. Risk management is key for any trading strategy. I have seen some folks rush into using the software without really exercising patience. Seek to scrutinize everything. Review the sector ETFs, commodity ETFs, Individual stock leaders and see for yourself, and pick the strongest divergent or confluent stocks you can find to trade.
FlowTrade should be an important part of your setup going into the end of the year. Get your Free Trial HERE